1.在德國與法國領袖於週日開會前, 歐洲27國財長先在週六開會 , 取得共同意見是歐銀需要增資 1000億歐元, 以承受希臘減債的衝擊. 這個金額遠比 IMF 所計算的 2000億歐元少了一半 . 也遠小於先前私人投資機構預估的 2700億歐元, 到底哪個金額正確 ? 天知道 , 事情發生後就會知道誰正確了
2.根據歐盟派到希臘調查減赤進度的調查員報告 , 希臘債需減計60%才足以讓希臘債持續下去. 希臘赤字比已160%, 到2013年恐膨脹到186%. 之前歐銀僅同意承受希臘債減計21%, 但如果是這個比例 , 第二輪紓困希臘金額恐高達 2520億歐元, 歐盟無法接受的金額. 即使是減計達50%, 第二輪紓困金也需要 1140億歐元.
3. 另一個重點在於如何擴大EFSF(European Financial Stability Facility)現有4400億歐元的「影響力」? 法國主張讓它變成一個銀行, 可以取得ECB廉價資金以收購有問題公債, 德國堅決反對. 德國建議將EFSF變成類似保險性值, 對南歐債潛在損失提供擔保. 新出現的方法則是以 EFSF為擔保, 開放民間資金投入收購有問題公債, 作為槓桿操作之一 . 只是民間 (歐洲銀行) 已經為必須承受超過50%損失而大為光火, 這時還寄望「民間」參予顯得有些不實際
Oct. 22, 2011, 5:27 p.m. EDT
European Union looks to recapitalize banks
Move comes ahead of Merkel-Sarkozy pre-summit meeting
CHICAGO (MarketWatch) — European Union finance ministers reportedly sketched a deal on Saturday for recapitalizing European banks, as Germany and France tried to resolve their differences over containing euro-area debt.
That came ahead of a Saturday-night meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy in an effort to resolve their differences over how to increase the European Union’s rescue fund to contain the debt crisis.
The Sarkozy-Merkel meeting was on the eve of Sunday‘s scheduled EU summit, now split into two sessions, one on Sunday and the other before Wednesday.
The debate between Germany and France forced European leaders to schedule a second session after it appeared no decision would be forthcoming on Sunday. See MarketWatch story explaining why summit was divided .
On Saturday, a European official reportedly said the EU was closing in on an agreement that would make banks ante up just over 100 billion euros ($140 billion) to safeguard them against additional losses on Greek bonds.
However, a top bank lobbyist on Saturday said an agreement to reduce Greece’s debt is not close, countering claims by euro-area finance ministers that they would request banks take larger losses on Greek bonds, according to the Associated Press.
“We're nowhere near a deal,” Charles Dallara, managing director of the Institute of International Finance, said in an interview with the AP in Brussels, where 27 European Union finance ministers were meeting, ahead of another gathering by European Union leaders Sunday.
While the finance ministers have not specified the amount of how much they were looking to reduce Greece’s debt, a report from Greece’s international debt inspectors suggested the figure might need to be as high as 60% to get the country positioned to repay its debt.
The ministers on Saturday reportedly sent their chief negotiator to resume talks with banks and other investors on a new deal for Greece.
The ministers were also pondering the establishment of a fund to solicit outside investors to purchase distressed euro-area government bonds, a person familiar with the matter told Bloomberg News.
The insured investment vehicle was one of two options being considered, along with using the European Financial Stability Facility to increase the rescue fund from 440 billion euros ($610 billion), the person told Bloomberg.
“The principle that we leverage the EFSF with private money is being subscribed by everyone, but the level of success is uncertain,” Dutch Finance Minister Jan Kees de Jager told reporters on the second day of the pre-summit talks in Brussels.
Banks in July agreed to take losses of roughly 21% on their Greek bonds, but euro-area leaders have reopened the deal, with inspectors from the EU, the European Central Bank and the International Monetary Fund have saying the situation has worsened.
.Merkel and Sarkozy both have expressed optimism that another euro-area summit scheduled for Wednesday would produce definitive results.
The ministers on Friday approved the payout of the EU’s 5.8-billion share of an 8-billion euro loan to Greece, the sixth installment of a 110-billion-euro loan granted in May 2010.
Kate Gibson is a reporter for MarketWatch, based in New York.
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